10 Feb 2017
THE JOINT AND SEVERAL PROVISIONAL LIQUIDATORS OF CHINA MEDICAL TECHNOLOGIES INC. v. KPMG (A FIRM) AND OTHERS
- Citation
- THE JOINT AND SEVERAL PROVISIONAL LIQUIDATORS OF CHINA MEDICAL TECHNOLOGIES INC. v. KPMG (A FIRM) AND OTHERS
- Court
- Court of First Instance
- Case number
- HCCW435/2012
The judge correctly applied the balancing exercise required when ordering production of documents located in a foreign jurisdiction and permissibly structured the order to manage regulatory risk by requiring KPMG to inform the PRC Ministry of Finance and by giving liberty to apply for variation; KPMG did not demonstrate a reasonable prospect of success on appeal and leave to appeal was dismissed; the stay was refused and the production deadline was extended to 12 noon on 10 March 2017; costs were ordered against KPMG.